Overview
What is Luther Rice College & Seminary Inc?
Luther Rice College & Seminary Inc is a nonprofit organization committed to serving the church and community. Their primary goal is to offer biblically grounded education, both on-campus and through distance learning, to Christian individuals pursuing ministry or professional careers. The institution aims to grant undergraduate and graduate degrees upon completion of their programs, thereby equipping their students to contribute effectively to their respective fields. By providing a biblically based curriculum, Luther Rice College & Seminary Inc seeks to foster spiritual growth and prepare its students for meaningful service in both religious and secular contexts.
Official website here: www.lutherrice.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Luther Rice College & Seminary Inc has achieved a remarkable four-star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. The organization scored 96% on the Accountability & Finance beacon, indicating strong practices in managing resources effectively and ethically. This high score is particularly attributable to its fully independent board and comprehensive oversight mechanisms.
The college demonstrates exceptional governance with 100% of its board members being independent, ensuring unbiased decision-making. Additionally, the organization has robust financial management policies in place, including a whistleblower policy and procedures for document retention, which further reinforce its commitment to ethical standards. The low liabilities to assets ratio of 11.38% and a program expense ratio of 72.31% highlight its efficient allocation of funds towards its educational mission.
While the financial health and accountability measures are commendable, the summary does not provide insights into program effectiveness or outcomes, which could be an important aspect for potential donors to consider. Overall, Luther Rice College & Seminary Inc appears to be a reliable organization with a strong focus on maintaining fiscal integrity and governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Luther Rice College & Seminary Inc?
94% of 76 reviewers on Facebook recommend Luther Rice College & Seminary. Here's a summary of their insights:
Many individuals express a positive experience with the staff at various events, highlighting their welcoming and supportive nature. One attendee mentioned a meeting at a pastors conference which left a favorable impression and increased their anticipation of enrolling in classes. This indicates a strong community aspect and a willingness from the staff to engage with prospective students.
Overall, the sentiment reflects a reassuring sense of confidence in the institution’s offerings, with prospective students eager to be part of the learning environment. The interactions noted suggest that the college not only focuses on education but also on fostering relationships, which resonates well with the community involved.
This AI summary has been generated from reviews found on Facebook.
Is Luther Rice College & Seminary Inc legitimate?
Luther Rice College & Seminary Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luther Rice College & Seminary Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $441,488
Professional Fundraising Fees: $6,000
Other Salaries and Wages: $1,769,728
For more financial information, click here
Official website here: www.lutherrice.edu
What is the mission statement of Luther Rice College & Seminary Inc?
Luther Rice College & Seminary Inc's mission is to serve the church and the wider community by offering biblically grounded education, both on-campus and through distance learning. This education is primarily designed for Christian men and women, with the ultimate goal of preparing them for both ministry and the professional world. The institution aims to grant undergraduate and graduate degrees upon completion of their programs. The primary objective of Luther Rice College & Seminary is to equip its students with a solid biblical foundation, thereby contributing to the growth and service of the church.
Official website here: www.lutherrice.edu
Who is the CEO of Luther Rice College & Seminary Inc?
Steven Steinhilber is the President of Luther Rice College & Seminary Inc.
Official website here: www.lutherrice.edu
What is the revenue of Luther Rice College & Seminary Inc?
Luther Rice College & Seminary Inc's revenue in 2022 was $4,580,851.
Official website here: www.lutherrice.edu
Who are the executives of Luther Rice College & Seminary Inc and what are their salaries?
The average compensation at Luther Rice College & Seminary Inc during 2022 was $28,717. There are 77 employees at Luther Rice College & Seminary Inc.
Here are 13 key members and their salaries:
- Compensation: $109,184
- Related: $0
- Other: $9,944
- Compensation: $110,726
- Related: $0
- Other: $3,324
- Compensation: $94,451
- Related: $0
- Other: $6,030
- Compensation: $76,030
- Related: $0
- Other: $10,406
- Compensation: $0
- Related: $0
- Other: $50
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.lutherrice.edu
Where can I find the form 990 for Luther Rice College & Seminary Inc?
Luther Rice College & Seminary Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lutherrice.edu
Learn more at the official website: www.lutherrice.edu
Mission Statement of Luther Rice College & Seminary Inc
Luther Rice College & Seminary, as a nonprofit organization, is dedicated to serving both the church and the community. Its primary mission is to offer biblically grounded education to Christian men and women, with a focus on both ministry and the workforce. This educational journey culminates in the granting of undergraduate and graduate degrees. By providing on-campus and distance learning opportunities, Luther Rice College & Seminary seeks to equip its students with a solid foundation in Scripture, preparing them for various roles within the church and beyond.
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Impact
July, 2024
Luther Rice College & Seminary Inc's impact lies in equipping Christian men and women with biblically-based education for ministry and the marketplace. By providing on-campus and distance learning opportunities, it serves the church and community by preparing individuals for leadership roles within various Christian contexts. Through granting undergraduate and graduate degrees, Luther Rice College & Seminary Inc contributes to the development of knowledgeable and skilled individuals who can make a positive impact in their communities and beyond.
This information is meant to be a general summary of Luther Rice College & Seminary Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$40,768
- Program Service Revenue: $3,609,861
- Gross Receipts: $4,580,851
Assets and Liabilities:
- Total Assets: $7,749,300
- Total Liabilities: $865,560
- Net Assets: $6,883,740
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tutition and Fees
Revenue
$3,609,861
Organization Details
Founding Year
1962
Phone
(770) 484-1204Principal Officer
Steven Steinhilber
Main Address
3038 Evans Mill Road, Lithonia, GA, 30038
Website
www.lutherrice.eduNTEE Category
Code: B42 - Education
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